Forbes: Phillies fifth most valuable team in MLB

The Fightin' Phil's are the fifth most valuable team in Major League Baseball, with a net worth of $893 million, according to Forbes Magazine.

The South Philly ballpark has earned its nickname, "The Bank."

The Phillies are the fifth most valuable team in Major League Baseball, with a net worth of $893 million, according to Forbes Magazine's annual report.

New York's Yankees topped the list, as usual, with a staggering $2.3 billion value.

For comparison's sake:

In 2008, the year the Phillies won the World Series, it was ranked 10th with a value of $481 million.

In 2010, the Phillies were ranked sixth with a value of $537 million.

Quite the jump, wouldn't you say?

A large chunk of the profits stem from television contracts, which provided teams such as the Texas Rangers (ranked eighth with $764 million) and Los Angeles Dodgers (ranked second with $1.6 billion), with money to burn. The Dodgers signed a $7 billion deal last year, and the Rangers signed a $3 billion deal in 2010.

The Fightin' Phils, as it happens, are in line for a new TV deal in 2015. Apparently, the team and Comcast are in negotiations on a new contract that may double the team's rights fees, according to Forbes.